Will We Ever Put The “Used vs New” Debate To Rest?

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If there’s one question that you’ll probably see asked on more automotive blogs, websites, and forums than just about every other, it’s almost certainly going to be “should I buy a new car or a used one?” Now, just about every person you ask is going to give you a different answer to this question because the truth is that it’s a lot more complicated than it might seem at first glance. Because of that, the best thing that you can do is get as much information as possible to decide for yourself. With that in mind, here are just a few things to consider when trying to decide whether or not a used car or a new car is right for you.

Initial cost

This one is probably the most obvious and the one that most people use as their metric when deciding between a new car and a used one. It should hardly come as a surprise that a new car is going to probably cost more than a new one. A used BMW is going to be better value right off the showroom floor than one straight off the assembly line. At least, that’s the case if you’re putting your money down in one go. If you’re looking for payment plans, there are often some fantastic, interest-free plans for new cars that used cars don’t offer. Again, it’s a matter of figuring out what is best for you and making a judgement call.

Maintenance cost

One thing that is more cut and dry is the reality that you’re almost certainly going to need to spend less on maintenance on a new car than a used one. Cars all end up receiving various kinds of wear and tear, and that can lead to serious problems if you don’t keep it well maintained. If a car has had a couple of previous owners, then there’s a good chance that certain parts are going to wear out much faster than those on a brand new vehicle.

Resale value

One of the things that a lot of people tend to forget when it comes to a new car is that the value of that car is going to plummet almost immediately after you buy it. This is just a reality of new cars. However, if you buy a car used, sure, it’s not going to have as much value in the first place, but you’re much more likely to sell it on at a value similar to what you bought it at than if you’d bought it new.

Again, the important thing is not whether one of these options is somehow better than the other, but simply how it impacts you and how well it fits into your personal circumstances. Sometimes your limitations will cause you to focus more heavily on one thing over the other or perhaps you will find yourself unsure of which to choose. When that happens, it really is just a matter of weighing up all of your options and choosing the one that will be best for you in the long term. If you only think in terms of the short term, you could end up making the wrong choice.

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